Tag: Minnesota Housing Market
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Remodeling activity builds momentum
With mortgage rates remaining elevated and many would-be sellers still “locked in” to loans well below today’s rates, a growing number of households are choosing not to move at all. Instead, they’re staying put and investing in the homes they already have. According to the National Association of Home Builders (NAHB), remodeler sentiment has remained… Read More
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Recent report analyzes how zoning constrains housing production in Minnesota’s growing communities
A recent report from the Housing Affordability Institute, Lot Sizes and the Supply Gap: Housing Production Constraints in Minnesota’s Growth Regions, analyzes zoning rules in three regions of Minnesota and how they prevent new housing production. The report argues that this underproduction cannot be overcome without underlying policy changes. The report used data from American… Read More
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Minnesota housing market update: Listings rise, sales slow, prices adjust
Minnesota’s housing market showed a mixed picture in February, with more homes hitting the market even as buyer activity slowed and prices softened slightly. According to new data from Minnesota Realtors and Twin Cities metro associations, seller activity picked up while buyers remained cautious, reflecting ongoing affordability pressures and broader economic uncertainty. More listings, fewer… Read More
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Housing market stalls as rates remain stubborn, prices hold
The U.S. housing market struggled to gain traction last year, as high mortgage rates and a lack of inventory kept both buyers and sellers primarily on the sidelines. Despite brief flashes of activity, the year was defined by hesitation and affordability pressures that froze movement across much of the market. Mortgage rates fall slightly, still… Read More
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Housing Affordability Institute release highlights declining homeownership in Minnesota
A new report released shows the decline of homeownership in Minnesota, analyzing the housing shortage and high cost of construction in the state—both significant contributing factors to the declining homeownership rate. The report, published by Housing Affordability Institute, highlights insights from Elliot Eisenberg, Ph.D., a housing economist whose experience includes previously serving as the senior… Read More
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Construction sector faces mixed outlook amid backlog declines and cost pressures, survey finds
A recent regional survey highlights a challenging but nuanced outlook for the construction sector, marked by declining project backlogs, tighter competition for fewer opportunities and persistent cost pressures — despite some isolated signs of resilience. The survey presented by The Federal Reserve Bank of Minneapolis received over 250 responses from individuals representing all areas of… Read More
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Housing industry groups urge state to prioritize affordability in new energy code
A coalition of housing and real estate organizations is calling on Minnesota regulators to preserve home affordability in the state’s forthcoming residential energy code update. Housing First Minnesota led the coalition, submitting a formal letter in May to the Minnesota Department of Labor and Industry (DLI), urging the agency to incorporate key provisions from the… Read More
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Blaine rezoning lawsuit settlement highlights clash between housing demand, local control
The city of Blaine settled a lawsuit with a property owner who was denied a rezoning request to build apartments in the city, agreeing to pay $400,000 to the owner. The federal lawsuit was filed in 2023, arguing that the property owner’s equal protection rights were violated when the city denied a 196-unit apartment complex… Read More
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Gov. Walz, legislative leaders leave housing shortage largely unaddressed
Minnesota’s severe housing shortage, estimated at more than 100,000 homes, was a constant refrain throughout the 2025 legislative session. Lawmakers from both parties introduced numerous bills designed to expand housing options across the state. Still, despite bipartisan support and vocal backing from advocates, none made it across the finish line. At the center of the… Read More
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Tariffs add uncertainty to state’s housing market
Recent tariffs announced by the Trump administration are impacting Minnesota’s housing landscape. These trade policies, targeting imports from Canada, Mexico and China, are influencing construction costs, home prices and market dynamics across the state. The newly imposed tariffs, currently 25% on imports from Canada and Mexico and 30% on Chinese goods, have led to increased… Read More
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Housing supply solutions left on the table
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Exclusive: Minnesota single stair review shows taller buildings possible with code changes
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Federal government withdraws energy code rule
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A framework for improved model building codes
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Less efficient, older homes make up greatest share of housing stock as energy codes focus on new home construction